Cash App Now Lets Users Buy & Sell Bitcoin: How to Use the Feature

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Twitter/Cash App

The popular Cash App is now letting its users buy and sell Bitcoin whenever they want. And you don’t need thousands of dollars to do it. If you just want to buy a small portion of Bitcoin for $20, for example, you can now do that with the Cash App. This was a feature that the app was testing with a few users in November, but now it appears to have rolled out the feature more widely. This may be the easiest way to get Bitcoin yet, and users are reporting that it works for iOS and Android.

Cash App was pretty quiet about the announcement, simply releasing a tweet that showed their logo changing into the Bitcoin logo, and then changing their profile photo to reflect Bitcoin rather than their Cash App logo.

There are two ways you can buy Bitcoin using the Cash App on iOS. (You can also buy on Android, but the process might be slightly different.) First, on the home screen, tap your balance at the top of the screen. Then swipe left. You’ll see a chart showing Bitcoin’s value, and you can buy Bitcoin from your balance. If click “sell” and don’t currently have any Bitcoin in the app, you’ll get the message: “One cannot sell what one does not have.”

You can also buy Bitcoin by going to the home screen, tapping on your account on the top left, and tapping on Bitcoin. Cash’s price is very similar to the price on Coinbase. When we check it out, Cash was selling Bitcoin for $10,107, compared to $10,105 on Coinbase. After you purchase your Bitcoin, you’ll get this screen:

On Android, users reported that all you need to do is go to the options and scroll down to Bitcoin.

Cash isn’t available in all countries yet, however. One user asked when it would be ready in India. Cash responded: “We’re working on it! We’re hoping to bring Cash App to customers around the globe, but we don’t have a timeline to share just yet. We’ll be sure to post updates as we have them.”

If you’re not seeing the option yet, make sure that your Cash App is updated. If that doesn’t work, try uninstalling and then reinstalling the Cash App.

When the feature was first being tested in November, a Square spokesperson told CNBC: “We’ve found that (our customers) are interested in using the Cash app to buy bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here.”